UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Volume 11 | Issue 10 | October 2024

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Published in:

Volume 10 Issue 11
November-2023
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2311413


Registration ID:
528575

Page Number

e86-e90

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Title

Genft : NFT Generator for crypto trading

Abstract

Recent years have seen a rapid expansion of the Non-Fungible Token (NFT) sector. The idea behind NFT was inspired by an Ethereum token standard that sought to identify each token by a distinctive sign. As part of unique identification, virtual or digital qualities are tied to NFTs. Using NFTs all properties that have been tagged can be freely exchanged with values depending on their ages, rarity, liquidity, and other criteria. On the Namecoin blockchain, Kevin McCoy created the first-ever NFT in 2014, which he called "quantum." In the year 2021, his NFT—a work of art that had been first criticized—was sold for $1.4 million at the Sotheby's Native Digital auction. It is now considered to be historical piece artwork. These days, well-known NFT collections include Bored Ape Yacht Club, Azuki, CryptoPunks. NFTs, like stocks, can signify ownership in an organization. NFTs can be issued to represent shares in the same way that stocks can be issued since blockchain is a distributed and secure record. Our application is one of the decentralized applications which lets users generate unique and rich NFTs from preloaded templates and trade them for ETH on our proprietary marketplace called the Genft marketplace. It is a form of digital asset which can be exchanged for crypto-currency like Ethereum.

Key Words

NFT- Non-Fungible Token, Ethereum, crypto-currency, token, blockchain

Cite This Article

"Genft : NFT Generator for crypto trading", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 11, page no.e86-e90, November-2023, Available :http://www.jetir.org/papers/JETIR2311413.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Genft : NFT Generator for crypto trading", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 11, page no. ppe86-e90, November-2023, Available at : http://www.jetir.org/papers/JETIR2311413.pdf

Publication Details

Published Paper ID: JETIR2311413
Registration ID: 528575
Published In: Volume 10 | Issue 11 | Year November-2023
DOI (Digital Object Identifier):
Page No: e86-e90
Country: thane, maharashtra, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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